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Cash Converters’ franchise network represents 618 stores throughout the globe, including 80 in Australia, and income is generated through royalties paid to the group by the franchisees. Secured vehicle financing is provided through GLA – a wholly-owned subsidiary – via a network of Australian finance brokers and car dealers.
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Cashflows insufficient. The term "Cash Conversion Cycle" refers to the timespan between a firm's disbursing and collecting cash. However, the CCC cannot be directly observed in cashflows, because these are also influenced by investment and financing activities; it must be derived from Statement of Financial Position data associated with the firm's operations.